LU-VE S.p.A. (LUVE.MI) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-37.2%

€38.02

vs €60.50 price

Levered DCF

€67.15

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.97

Grey zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	22.91×	17.9×	16.75×	13.09×	22.43×	31×	16.2×	13.29×
P/B	3.16×	2.47×	2.23×	3.02×	3.18×	2.1×	1.82×	1.44×
P/S	1.45×	1.05×	0.81×	1.01×	1.08×	0.77×	0.72×	0.67×
EV / EBITDA	10.73×	9.19×	8.63×	8.72×	11.68×	11.3×	9.33×	9.08×
Gross margin	50.5%	37.5%	34.3%	46.0%	47.5%	49.1%	47.9%	47.1%
Operating margin	9.3%	8.6%	7.5%	6.8%	6.1%	3.9%	5.7%	6.4%
Net margin	6.3%	5.9%	4.8%	7.7%	4.8%	2.5%	4.5%	5.0%
Current ratio	2.12×	1.86×	1.78×	2.09×	1.48×	1.78×	1.36×	1.92×
Debt / equity	1.69×	1.66×	1.7×	2.12×	2.21×	2.22×	1.49×	1.42×
Interest coverage	4.26×	6.03×	4.49×	4.24×	13.31×	6.39×	6.9×	12.16×
Dividend yield	1.1%	1.4%	1.8%	1.2%	1.1%	1.9%	2.0%	2.6%
Payout ratio	24.5%	25.8%	30.8%	16.3%	25.3%	60.7%	31.5%	34.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.8%	13.8%	13.3%	23.1%	14.2%	6.7%	11.3%	10.8%
Return on invested capital	5.5%	5.5%	6.2%	5.1%	4.3%	2.8%	4.6%	4.9%
Return on assets	4.0%	4.1%	3.8%	5.7%	3.3%	1.6%	3.2%	3.4%
Free cash flow yield	4.1%	9.5%	7.1%	-0.5%	-1.8%	5.0%	7.9%	-3.2%
Earnings yield	4.4%	5.6%	6.0%	7.6%	4.5%	3.2%	6.2%	7.5%
Enterprise value	€1B	€758.7M	€667.8M	€886.4M	€736M	€481.6M	€433.4M	€321.4M
Net debt / EBITDA	1.65×	1.73×	2.19×	2.57×	3.22×	4.07×	3.24×	3.28×
Cash conversion cycle (days)	56	57	66	82	53	15	16	34